Facebook has made a stunning backdown from its 'real name' policy, apologising to its community of drag queens and queer users for locking their accounts and forcing them to change their account names.

Western Australia-based listed, national IT Services company Empired (ASX:EPD) increased revenues by 44% to a record $67 million in the full year to the end of June, defying what the company says were difficult economic and market conditions.